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Steven Davis began making his case Wednesday in court in Manhattan. (Credit: Law360)

'Fake Income' Email Shows No Fraud, Dewey CFO Contends

On the second day of trial for the former top executives of Dewey & LeBoeuf LLP accused of deceiving lenders and investors before the law firm collapsed, an attorney for Dewey’s former chief financial officer said allegedly damning emails touted by the government have been misconstrued as evidence of guilt.

  • BREAKING: Cephalon To Pay $1.2B To End FTC Pay-For-Delay Suit

    Cephalon Inc. agreed Thursday to pay $1.2 billion to settle a long-running antitrust suit accusing the company of paying generic drug makers to hold off on launching their own version of narcolepsy treatment Provigil, handing the Federal Trade Commission a major victory in its decade-long campaign against so-called pay-for-delay patent settlements.

  • Turtles Win Class Cert. In $100M Royalties Row With Sirius

    A California federal judge on Wednesday granted class certification in a long-running, $100 million royalties dispute between the Turtles and Sirius XM Radio Inc., ruling the rock band’s proposed class could also include other owners of pre-1972 songs that the satcaster played.

  • Massive Global Soccer Bust Called 'The World Cup Of Fraud'

    U.S. authorities on Wednesday unveiled a racketeering case against top-level international soccer, charging executives at FIFA, the sport's global organizer, with taking $151 million in bribes to back tournament marketing contract applicants and warning more charges are likely in store in an ongoing investigation.

  • EXCLUSIVE: Sens. Probing CFTC Charges To IG Budget

    The U.S. Commodity Futures Trading Commission is under a congressional inquiry over its plans to charge its inspector general hundreds of thousands of dollars for purported overhead expenses, Law360 has learned. The probe is part of a broader look into whether certain federal agencies are restraining their internal watchdogs. 

  • EPA Redefines Scope Of Waters Shielded By CWA

    The U.S. Environmental Protection Agency and Army Corps of Engineers on Wednesday unveiled the final version of their attempt to clarify exactly which American waterways are subject to federal jurisdiction, a controversial effort that seeks to make permitting decisions easier and bring regulations up to date with U.S. Supreme Court opinions.

  • High Court Clears One Inducement Hurdle, But Others Remain

    The U.S. Supreme Court's ruling Tuesday that a good faith belief that a patent is invalid is not a defense to induced patent infringement benefits patent owners by clearing a hurdle to proving inducement, but the opinion still leaves accused inducers with a viable defense, attorneys say.